A Bull Trap Or More Gas In The Tank? Prepare For The Upcoming Week With MandoTrading!
Portfolio Pulse from Mando Trading
The article discusses the potential market movements for the upcoming week. It mentions that the SPY ETF has been range bound and is waiting for an imbalance to form. It also discusses the performance of several NASDAQ-listed companies including AAPL, TSLA, GOOGL, AMZN, MRNA, and NVDA. AAPL is noted to be stronger than most, while TSLA experienced an aggressive sell-off. GOOGL, AMZN, and NVDA saw a bearish market structure shift, and MRNA had a 79% retracement and hold to finish the week.
September 05, 2023 | 3:37 pm
News sentiment analysis
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NEGATIVE IMPACT
AMZN saw a bearish market structure shift on Friday.
The bearish market structure shift for AMZN indicates a negative market sentiment, which could potentially drive its price down.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
GOOGL saw a bearish market structure shift on Friday.
The bearish market structure shift for GOOGL indicates a negative market sentiment, which could potentially drive its price down.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
NVDA saw a bearish market structure shift on a smaller time window on Friday.
The bearish market structure shift for NVDA indicates a negative market sentiment, which could potentially drive its price down.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
TSLA experienced an aggressive sell-off, bringing the price right to the 79% level, where it bounced to end the day.
The aggressive sell-off of TSLA indicates a negative market sentiment, which could potentially drive its price down. However, the bounce at the 79% level could suggest a potential recovery.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
MRNA had a 79% retracement and hold to finish the week.
MRNA's 79% retracement and hold indicates a potential recovery, but the market sentiment is still uncertain, which could potentially impact its price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
The SPY ETF has been range bound and is waiting for an imbalance to form.
The SPY ETF has been range bound, indicating a lack of clear direction. This could lead to uncertainty among investors, potentially impacting the ETF's price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
AAPL is stronger than most, used previous resistance as support and continued to run higher to close out last week.
AAPL's strength and ability to use previous resistance as support indicates a positive market sentiment towards the stock, which could potentially drive its price up.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90